{"id":77294,"date":"2023-04-17T10:30:12","date_gmt":"2023-04-17T07:30:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77294"},"modified":"2025-09-10T22:30:27","modified_gmt":"2025-09-10T19:30:27","slug":"cathie-wood-compared-bitcoin-and-ethereum-to-gold","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cathie-wood-compared-bitcoin-and-ethereum-to-gold\/","title":{"rendered":"Cathie Wood compared Bitcoin and Ethereum to gold"},"content":{"rendered":"<p>Bitcoin and Ethereum function as risk-free assets and serve as a &#8216;safe haven&#8217; for investors amid macroeconomic uncertainty. Ark Invest CEO Katie Wood said.<\/p>\n<p><iframe loading=\"\\\"lazy\\\"\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/CvRq_o6wnUU\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>In her view, the recent upheavals in the banking sector showed that the two largest cryptocurrencies by market capitalization could outperform other asset classes.<\/p>\n<p>Following the collapse of banks <a href=\"https:\/\/forklog.com\/en\/news\/silvergate-to-liquidate-silvergate-bank\">Silvergate<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/venture-capital-investors-distance-themselves-from-silicon-valley-bank-amid-liquidity-concerns\">Silicon Valley Bank<\/a> and Signature Bank, Bitcoin demonstrated the most &#8216;impressive&#8217; resilience metrics tracked by Ark Invest.<\/p>\n<p>Wood believes that cryptoassets will ultimately become a &#8216;matter of choice&#8217; when the sector gains broader recognition and regulation.<\/p>\n<blockquote class=\"wp-block-quote is-style-default is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8216;From our point of view, unlike traditional financial instruments, many crypto assets lack core failure points: they are decentralised, transparent, and auditable,&#8217; Wood said.<\/p>\n<\/blockquote>\n<p>Hedge-fund founder Ray Dalio gave a contrary view. In his words, Bitcoin cannot be considered an &#8216;effective currency&#8217; because it is too volatile and central banks do not accept it.<\/p>\n<p><iframe loading=\"\\\"lazy\\\"\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/szlCPKFKzWc\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>Dalio emphasised that gold ranks third in reserves held by central banks, behind only the US dollar and the euro.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8216;They can ban [Bitcoin]. They can regulate it. Yet central banks and countries largely oppose it,&#8217; he said.<\/p>\n<\/blockquote>\n<p>Earlier Dalio <a href=\"https:\/\/forklog.com\/en\/news\/ray-dalio-questions-bitcoins-ability-to-replace-fiat\">doubted<\/a> Bitcoin&#8217;s ability to replace fiat. In his view, Bitcoin has accomplished a lot in 12 years, but it is still too volatile to wear the mantle of money.<\/p>\n<p>In March, Katie Wood <a href=\"https:\/\/forklog.com\/en\/news\/cathie-wood-crypto-assets-have-become-a-safe-haven-amid-the-banking-crisis\">stated<\/a> that, amid the banking crisis, cryptocurrencies became safe-haven assets. She also criticized regulators for using the industry as a scapegoat to excuse their own failures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum function as risk-free assets and serve as a &#8216;safe haven&#8217; for investors amid macroeconomic uncertainty. Ark Invest CEO Katie Wood said.<\/p>\n","protected":false},"author":1,"featured_media":77295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1219,1138,1732],"class_list":["post-77294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cathie-wood","tag-opinions","tag-ray-dalio"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=77294"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77294\/revisions"}],"predecessor-version":[{"id":77296,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77294\/revisions\/77296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/77295"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=77294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=77294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=77294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}